California Supreme Court July 13, 1972, S.F. 22852 (Pacific Telephone & Telegraph Co. v. Franchise Tax Board)

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Opinion

PETERS, J.

Defendant Franchise Tax Board (board) appeals from a judgment in the sum of $1,324,591.96 plus interest in favor of The Pacific Telephone and Telegraph Company (Pacific) in this action for a refund of a portion of the franchise taxes paid to the State of California for the year 1960.